According to new report published by Grand View Research, The UAE Palm Oil Market is expected to reach USD 467.1 million by 2025. Growing health concerns regarding trans-fat consumption has driven consumer preference towards saturated fats, such as palm oil, that contain antioxidants and other nutrients.

The UAE Palm Oil Market is expected to reach USD 467.1 million by 2025, according to a new report by Grand View Research, Inc. Growing health concerns regarding trans-fat consumption has driven consumer preference towards saturated fats, such as palm oil, that contain antioxidants and other nutrients.

Increasing demand for high-quality food products from tourists as well as local consumers has driven its demand. Its fractions and derivatives are also widely utilized as alternatives for expensive bakery fats and vegetable oils including groundnut, coconut & sunflower. Additionally, food & beverage processors are increasingly opting for the product owing to its high availability, lower cost & high yield in limited cultivation space.

Cosmetics are expected to witness highest growth rate of 10.4% CAGR among all applications. Strong consumer confidence & growing fashion & beauty consciousness, boosted by media exposure & Western influences have had a positive impact on the industry. The oil is used as an emollient, surfactant, moisturizer and other cosmetic agent owing to its high dermatological compatibility and low cost.

The UAE palm oil market exceeded 155 kilo tons in 2015 and is expected to grow at about 8.2% CAGR from 2016 to 2025

The shift in trend towards production of high-quality oleo chemicals is expected to generate lucrative opportunities for industry participants over the near future

The transition towards sustainable and renewable energy sources has significantly driven palm oil demand in biodiesel and bio-fuel applications since the biomass yields high amount of energy even when processed in small quantities

Rapid expansion of the construction sector has also contributed to palm lubricants demand in heavy-equipment and machinery in residential as well as commercial applications

The palm stearin segment is anticipated to grow at a CAGR of 8.6% in terms of volume, owing to its enhanced functional characteristics that prove crucial to bakeries & confectionaries across the country

Other fractions & derivatives have also witnessed significant growth in recent years owing to the growing popularity of blended oils in the food sector

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.